Saradha chit fund: SC declines to monitor CBI probe into ponzi scam

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New Delhi: The apex court on Monday declined to monitor the ongoing CBI investigation into the Saradha ponzi fund scam in West Bengal.

A two-judge bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna did not allow the application filed by some investors in this connection.

The Supreme Court in its 2013 order had directed the central investigating agency to probe the chit fund scam. The probe has not attained finality.

The bench said: “We are not inclined to set up a monitoring committee to monitor the chit fund scam probe.”

Earlier, the apex court in 2013 had transferred the probe into the scam to CBI.

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